How to name beneficiaries and fund a trust at T. Rowe Price
Covers 4 investment, and 6 retirement accounts — beneficiaries can be managed online
Customer Service
Mutual fund: T. Rowe Price, Account Services, P.O. Box 17302, Baltimore, MD 21297-1300. Brokerage: T. Rowe Price Brokerage, Account Services, P.O. Box 17468, Baltimore, MD 21298-8275. Small business retirement: T. Rowe Price Retirement Client Services, P.O. Box 17350, Baltimore, MD 21297-1350. Overnight for all: 4515 Painters Mill Road, Owings Mills, MD 21117-4903 (with the matching Mail Code)
Customer Service
Mutual fund: T. Rowe Price, Account Services, P.O. Box 17302, Baltimore, MD 21297-1300. Brokerage: T. Rowe Price Brokerage, Account Services, P.O. Box 17468, Baltimore, MD 21298-8275. Small business retirement: T. Rowe Price Retirement Client Services, P.O. Box 17350, Baltimore, MD 21297-1350. Overnight for all: 4515 Painters Mill Road, Owings Mills, MD 21117-4903 (with the matching Mail Code)
Life Events (Death Notification)
T. Rowe Price, Account Services, P.O. Box 17302, Baltimore, MD 21297-1302 (overnight: Mail Code 17302, 4515 Painters Mill Road, Owings Mills, MD 21117-4903). Small business retirement plans: T. Rowe Price Retirement Client Services, P.O. Box 17350, Baltimore, MD 21297-1350
Preparing your T. Rowe Price investment accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
With 10 product types, T. Rowe Price offers a range of transfer options. Some investment accounts support Transfer on Death (TOD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- Taxable mutual fund and brokerage accounts: name or change Transfer on Death (TOD) beneficiaries
- Traditional, Roth, and Rollover IRAs: name or change IRA beneficiaries (the IRA Beneficiary form states these three IRA types can be changed at troweprice.com)
- SEP-IRA, SIMPLE IRA, Individual 401(k), and 403(b) accounts are handled by the Small Business team, not this flow -- call 1-800-492-7670
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- TOD registrations are made under the MARYLAND Uniform Transfer on Death Security Registration Act -- T. Rowe Price is Baltimore-based and registers TOD under Maryland law regardless of where the owner lives
- TOD is only available for accounts owned by one individual or by joint owners with rights of survivorship
- You may not name yourself or your estate as a TOD beneficiary, and an owner or joint owner of the account may not be listed as a beneficiary
- You may not write estate distribution provisions into the TOD form -- beneficiaries are listed on a per capita basis unless you indicate otherwise
- Beneficiary designations must be identical across all identically registered accounts, and they automatically apply to any identically registered account you open after signing the form
- On the death of a joint owner, the TOD designation carries over to the surviving owner's account
- Trusts, corporations, and other legal entities may be named as TOD beneficiaries
- Failure to provide percentages, or percentages that do not total 100 percent, results in equal allocation
- The form must be signed by all account owners
- Only Roth, Rollover, and Traditional IRA beneficiary changes can be requested online; SEP-IRA and SIMPLE IRA go through the Small Business team at 1-800-492-7670
Sources
Data sourced from T. Rowe Price primary sources (21 pages reviewed). How we research.
Download these T. Rowe Price instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against T. Rowe Price primary sources. Bring it to the branch or keep it beside the phone.
Customer Service
Mutual fund: T. Rowe Price, Account Services, P.O. Box 17302, Baltimore, MD 21297-1300. Brokerage: T. Rowe Price Brokerage, Account Services, P.O. Box 17468, Baltimore, MD 21298-8275. Small business retirement: T. Rowe Price Retirement Client Services, P.O. Box 17350, Baltimore, MD 21297-1350. Overnight for all: 4515 Painters Mill Road, Owings Mills, MD 21117-4903 (with the matching Mail Code)
Customer Service
Mutual fund: T. Rowe Price, Account Services, P.O. Box 17302, Baltimore, MD 21297-1300. Brokerage: T. Rowe Price Brokerage, Account Services, P.O. Box 17468, Baltimore, MD 21298-8275. Small business retirement: T. Rowe Price Retirement Client Services, P.O. Box 17350, Baltimore, MD 21297-1350. Overnight for all: 4515 Painters Mill Road, Owings Mills, MD 21117-4903 (with the matching Mail Code)
Life Events (Death Notification)
T. Rowe Price, Account Services, P.O. Box 17302, Baltimore, MD 21297-1302 (overnight: Mail Code 17302, 4515 Painters Mill Road, Owings Mills, MD 21117-4903). Small business retirement plans: T. Rowe Price Retirement Client Services, P.O. Box 17350, Baltimore, MD 21297-1350
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